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$ 2,350,000
Est. payment | /mo
14,500 SqFt
$ 2,350,000
Est. payment | /mo
14,500 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 14,500 sqft
Price per Sqft $162
MLS Listing ID 20262838
Year Built 2011
Annual Tax Amount $4,254
Tax Year 2024
Lot Size 0.333 Acres
Lot Dimensions 38.61AC
Property Sub-Type Industrial
Property Description
Encompassing 38.61 acres, this institutional-quality asset presents a rare opportunity to acquire a diversified commercial and industrial property with immediate income potential and long-term upside. The property features a strategic blend of office, industrial, and commercial space, including expansive shop facilities, functional operational infrastructure, and versatile acreage capable of supporting a wide range of business and investment strategies. Positioned for efficiency and scalability, the asset benefits from established access via easement, along with fully integrated municipal utilities including city water and sewer. Significant existing infrastructure reduces future development costs while enhancing operational readiness for owner-users, tenants, or industrial operators. Offered at an attractive 10% cap rate, the property delivers compelling in-place returns while also presenting substantial value-add and expansion potential. Its flexible configuration and extensive acreage create opportunities for additional development, multi-tenant income generation, logistics operations, industrial services, or long-term hold strategies in a growing commercial market. This is a high-yield investment opportunity combining stable cash flow, infrastructure-backed functionality, and scalable land value—well suited for investors seeking both immediate returns and future appreciation potential.
Location
State NM
County Eddy County
Area New Mexico Mls
Exterior
Utilities Available Water-City
Listed by CORE REALTY GROUP